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ClearVue Technologies Ltd bolsters team with new North American CEO

ClearVue says the appointment aligns with a broader strategy to accelerate its growth trajectory in North America.

ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) has appointed industry veteran Basil Karampelas as its North American CEO.

Starting from February 1, the new chief executive will continue expanding the tech stock’s footprint across the United States, Canada and the Western Hemisphere in general.

Karampelas brings more than 30 years’ experience in renewable energy as an investor, financier, advisor and CEO to the table.

ClearVue says the appointment aligns with a broader strategy to accelerate its growth trajectory in North America.

Expanding North American investor base

Speaking to Karampelas’ appointment, ClearVue executive chairman Victor Rosenburg said: “With the appointment of Basil Karampelas to lead our efforts in North America, we have found an executive with that rare combination of deep operating experience in renewables, a track record of success raising money in the capital markets, and an extensive network of relationships that spans investment firms, government agencies, multinational energy companies, utilities and manufacturing companies.

“We expect him to utilise these skills to allow us to not only introduce ClearVue products to the North American market, but to expand our investor base into this geography as well.”

Leading ClearVue’s US journey

Incoming CEO Karampelas added: “I am absolutely thrilled to be joining a company where I believe my skills and experience can create significant value and allow ClearVue to not only enter the North American market, but to quickly become a market leader.

“I have every confidence that the company’s track record of success in its existing markets can be leveraged and replicated in North America.

“I appreciate the vote of confidence that Victor and the rest of the board of ClearVue have given me by appointing me to this role.

“Given the amount of activity that is expected in the US with the focus on energy transition and decarbonisation in construction, on the back of the recently passed Infrastructure Bill in the US and significant post-COVID brownfield and greenfield real estate development, we believe that we are in a confluence of very positive market conditions for the company.”

About ClearVue

ClearVue is an Australian technology company that operates in the building integrated photovoltaic (BPIV) sector, which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy.

The company has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.

ClearVue’s electricity-generating glazing technology is strategically positioned to complement, and make more compelling, the energy-efficient windows that are being regulated in response to global climate change and energy efficiency goals.

Solar PV cells are incorporated around the edges of an insulated glass unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates CPV’s patented proprietary nano and micro particles, as well as its spectrally selective coating on the rear external surface of the IGU.

ClearVue’s window technology has implications for the building, construction and agricultural industries (among others).

The company has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.

Read More: ClearVue Technologies Ltd bolsters team with new North American CEO

2022-01-31 20:08:00

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